Cuba Balance of Trade2022 Data - 2023 Forecast - 1990-2021 Historical - Chart

Name: Cuba Balance of Trade
Creator: TRADING ECONOMICS
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Keywords: Cuba,Balance of Trade,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Cuba recorded a trade deficit of 6465 USD Million in 2021. source: National Office of Statistics, Republic of Cuba

Balance of Trade in Cuba averaged -4995.28 USD Million from 1990 until 2021, reaching an all time high of -535.50 USD Million in 1992 and a record low of -10570 USD Million in 2008. This page provides - Cuba Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cuba Balance of Trade - values, historical data and charts - was last updated on September of 2022.

Balance of Trade in Cuba is expected to reach -10600.00 USD Million by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cuba Balance of Trade is projected to trend around -10600.00 USD Million in 2023, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Balance of Trade	-6465.00	-5528.00	USD Million	Dec 2021
Current Account to GDP	0.20	1.40	percent of GDP	Dec 2020
Current Account	2016.00	1237.00	USD Million	Dec 2019
Imports	8431.00	7230.00	USD Million	Dec 2021
Exports	1966.00	1703.00	USD Million	Dec 2021
Tourist Arrivals	51116.00	23144.00		Nov 2021

Cuba Balance of Trade

Cuba runs consistent trade deficits as a result of low productivity and dependence on food imports. Cuba mainly exports nickel, cane sugar, cigars, fuel, beverages, metallic ores, fish, cement, oil and thyroid extract. Cuba mainly imports food, cereals, fuel, diesel engines, vehicles, motor parts and vegetable oils. Cuba’s main trading partners are Venezuela, China, Canada, Spain, Brazil, the Netherlands, the United States, México, Italy, France, Germany and Russia.